GST may fuel growth of domestic auto ancillary industry
GST
Dated:- 4-3-2017
Mumbai, Mar 3 (PTI) The proposed GST implementation may fuel growth in the USD 39 billion domestic auto ancillary industry following lower taxation of 18 per cent under the new regime, industry experts said.
\nWith the upcoming GST regime, the auto ancillary industry will get a boost. The auto ancillary industry's effective rate of tax, which is currently at 28 to 30 per cent, is expected to come down to 18 per cent upon implementation of GST, the experts said.
\nThey were speaking at a KDK Softwares-organised panel discussion on the impact of GST on auto ancillary industry.
\nThe industry is already reaping benefits of a favourable ecosystem in dome<\/p>\n
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